AMD Files 8-K: Material Agreement, Equity Sales, Financials

TL;DR

AMD signed a big deal and sold some stock, plus filed financials. Keep an eye on this.

AI Summary

On August 17, 2024, Advanced Micro Devices, Inc. (AMD) entered into a material definitive agreement. The filing also disclosed unregistered sales of equity securities and included financial statements and exhibits. The company is incorporated in Delaware and headquartered in Santa Clara, California.

Why It Matters

This 8-K filing indicates significant corporate actions by AMD, including a new material agreement and equity transactions, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and operational risks.

Key Numbers

• 20240817 — Report Date (The filing pertains to events on or around this date.)
• 1228 — Fiscal Year End (Indicates the end of AMD's fiscal year for financial reporting.)

Key Players & Entities

• ADVANCED MICRO DEVICES, INC. (company) — Registrant
• August 17, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Santa Clara, California (location) — Principal executive offices
• 001-07882 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value AMD The Nasdaq Global Sel
• $4.9 billion — quity interests of the Company of up to $4.9 billion. Pursuant to the terms of the Agreement
• $1.125 billion — ("Buyer Stock") (determined by dividing $1.125 billion by a price per share of Buyer Stock of
• $134.9592 — by a price per share of Buyer Stock of $134.9592 (the "Buyer Stock Value") based on the
• $3.375 billion — (as defined in the Agreement), and (b) $3.375 billion in the form of cash payable to the Sell
• $100 million — ber determined by dividing a maximum of $100 million by the Buyer Stock Value) and (b) up to
• $300 million — by the Buyer Stock Value) and (b) up to $300 million of cash, in each case to the extent cer

Filing Documents

• d808469d8k.htm (8-K) — 39KB
• d808469dex21.htm (EX-2.1) — 539KB
• d808469dex991.htm (EX-99.1) — 19KB
• g808469g0818040029765.jpg (GRAPHIC) — 2KB
• g808469g0818064054925.jpg (GRAPHIC) — 2KB
• 0001193125-24-202457.txt ( ) — 868KB
• amd-20240817.xsd (EX-101.SCH) — 3KB
• amd-20240817_lab.xml (EX-101.LAB) — 17KB
• amd-20240817_pre.xml (EX-101.PRE) — 11KB
• d808469d8k_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements concerning Advanced Micro Devices, Inc. (AMD), ZT Group Int'l, Inc (ZT Systems), the proposed transaction described herein and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," "designed," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements in this press release relate to, among other things, data center AI accelerator opportunity, obtaining applicable regulatory approvals, satisfying other closing conditions to the transaction, the expected timing of the transaction, and the integration of the businesses, sale of ZT Systems' manufacturing business, and the expected benefits, accretion, synergies and growth to result therefrom. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: failure to obtain applicable regulatory approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the transaction or to com

View Full Filing

View this 8-K filing on SEC EDGAR